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zimovet [89]
3 years ago
10

What are the causes of the boom and bust cycles of the Texas oil industry.

Social Studies
2 answers:
Inga [223]3 years ago
6 0
"<span>The major petroleum strikes that began the rapid growth in petroleum exploration and speculation occurred in </span>Southeast Texas<span>, but soon reserves were found across Texas and wells were constructed in </span>North Texas<span>, </span>East Texas<span>, and the </span>Permian Basin<span> in </span>West Texas<span>. Although limited reserves of oil had been struck during the 19th century, the strike at </span>Spindletop<span> near Beaumont in 1901 gained national attention, spurring exploration and development that continued through the 1920s and beyond. Spindletop and the Joiner strike in East Texas, at the outset of the </span>Great Depression<span>, were the key strikes that launched this era of change in the state."</span>
Alchen [17]3 years ago
6 0

Answer:

Boom cycle contributors include: Several successful oil drillings in South, North-Central, and East Texas New innovations: drilling and oil refinery Success of the automobile industry Things that led to a decline, or bust, in the industry include: An oil surplus that led to a decrease in oil prices Environmental hazards Dry wells.

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There are many ways that people can influence our behavior, but perhaps one of the most important is that the presence of others seems to set up expectations

We do not expect people to behave randomly but to behave in certain ways in particular situations.  Each social situation entails its own particular set of expectations about the “proper” way to behave. Such expectations can vary from group to group.

One way in which these expectations become apparent is when we look at the roles that people play in society.

<u>Norms-  </u>Social norms are the unwritten rules of beliefs, attitudes, and behaviors that are considered acceptable in a particular social group or culture. Norms provide us with an expected idea of how to behave, and function to provide order and predictability in society. For example, we expect students to arrive to a lesson on time and complete their work.

The idea of norms provides a key to understanding social influence in general and conformity in particular. Social norms are the accepted standards of behavior of social groups.

These groups range from friendship and workgroups to nation-states.  behavior which fulfills these norms is called conformity, and most of the time roles and norms are powerful ways of understanding and predicting what people will do.

There are norms defining appropriate behavior for every social group. For example, students, neighbors and patients in a hospital are all aware of the norms governing behavior. And as the individual moves from one group to another, their behavior changes accordingly.

Norms provide order in society. It is difficult to see how human society could operate without social norms. Human beings need norms to guide and direct their behavior, to provide order and predictability in social relationships and to make sense of and understanding of each other’s actions. These are some of the reasons why most people, most of the time, conform to social norms.

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